Projected to Raise, an indicator a company will be in need of capital within the next 6 months, is designed to support deal discovery by industry within a crucial window of time.
Why is this relevant for me?
We often note the following significant events within the Projected to Raise space:
The company's next capital raise, OR
M&A activity - indicating that this tag denotes relevant timing for a conversation regarding an exit
IPO or SPAC route
Projected to Raise is a complex indicator algorithmically driven by nearly 80 vectors. We have backtested Projected to Raise and found a 76% accuracy globally and 86% accuracy in the US*, meaning if we said a company needed capital in the near future, they either collected capital, IPO'd or closed their doors due to lack of capital.
See our P2R whitepaper for more details on this study and the mechanics of this algorithm.